Everton have been given a further two-point deduction for a breach of the Premier League’s profitability and sustainability rules (PSR).
The penalty, imposed by an independent commission that the Premier League referred Everton to in January, is the Merseyside club’s second of the campaign and relates to the three-year accounting period ending in the 2022-23 season.
Everton’s latest deduction drops them down a place to 16th in the Premier League standings, two points above the relegation zone.
Premier League table: Bottom seven
In November, Everton faced a 10-point penalty due to a breach concerning their PSR for the three-year period ending in the 2021-22 season.
However, this penalty was later reduced to six points in February. Everton has yet to confirm if they will appeal against their second penalty, but they must indicate their intent to do so within seven days.
Additionally, the Premier League reserves the right to appeal against the decision of the independent commission to potentially increase the penalty.
On March 31, Everton reported an £89.1million ($112.5m) loss for the 2022-2023 season. This is almost twice as much as over the previous year. This covers the period scrutinised by the independent commission which led to the second charge.
The accounts showed the club’s debt has risen to £330.6m, following a sixth consecutive season of reporting a loss.
Everton though say this rising debt is largely down to “significant investment” in their new stadium at Merseyside’s Bramley-Moore Dock. The stadium is scheduled to open for competitive football in 2025.
